Hearing on money request in TelexFREE case next week

Friday

Jul 18, 2014 at 10:11 AMJul 18, 2014 at 10:11 AM

A hearing will be held in Boston next Tuesday to determine whether an Ashland man accused of running an international pyramid scheme can access $4 million of his money to help fund his defense.TelexFREE co-owner James Merrill initially asked the U.S. District Court two weeks ago to release the funds, which he said are necessary to cover the exorbitant cost of defending himself against a charge of conspiracy to commit wire fraud.But government prosecutors have resisted, telling the court Merrill has not shown the money didnít come from TelexFREE, which several state and federal agencies have charged with being a pyramid scheme.The hearing will be held before Magistrate Judge David H. Hennessy at 9:30 a.m., according to court records.

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